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Eli Lilly expects to launch obesity drug in India next year, says CEO

Mounjaro, chemically known as tirzepatide, is currently sold in the UK and Europe under the same brand name for both conditions

Kedaara set to raise raising $1.7 billion for India's biggest PE fund

About 80% of the fund will come from backers of Kedaara's previous funds and 20% will come from new ones that include US- based Cleveland Clinic and the University of Minnesota

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake

G20 finance chiefs' meet: Brazil warns of global economic challenges

He also said the G20 finance leaders are discussing financing for Ukraine to raise pressure on Russia, adding that funds could be mobilized for Kyiv by using proceeds from frozen Russian assets

Limit flows into midcap, smallcap mutual funds: AMFI asks asset managers

AMFI made the request in a letter dated February 27, which has not been previously disclosed. It came following a communication from India's market regulator

RBI releases draft disclosure framework for banks to address climate risks

The RBI has previously acknowledged climate change as a source of financial risk. In July 2022, it released a discussion paper exploring strategies to address climate change-related financial risks

Investigate Putin's money flows in West: Navalny's wife to EU lawmakers

Navalnaya was speaking to the European Parliament in Strasbourg, 12 days after her husband died suddenly in a Russian penal colony at the age of 47

Uday Shankar to be VC of merged Reliance-Disney media business: Report

Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity

Crude oil falls 1% as Fed caution, stocks build offset Opec+ expectations

Brent crude futures fell 90 cents, or 1.08%, to $82.75 a barrel by 0902 GMT. U.S. West Texas Intermediate futures (WTI) were down 92 cents, or 1.17%, at $77.95

Reckitt's quarterly sales down after investigation into West Asia business

Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic

Toyota gives no answer to union demands at second round of wage talks

Toyota has not decided yet when it will respond to the union's wage rise request, Takanori Azuma, the automaker's chief human resources officer, said on Wednesday

ISO raises forecast for size of global sugar deficit for current season

A Reuters poll of analysts and traders this month gave a median forecast of a small surplus of 500,000 tons in the 2023/24 season

Just Eat forecasts 40% core profit jump, share decline by around 6%

Shares in Just Eat fell by more than 6% after its updated outlook matched market expectations, with one trader saying the lack of a new share buyback programme may disappoint investors

India's oil imports from Russia threatened after US imposes new sanctions

Washington on Friday imposed sanctions to mark the second anniversary of Moscow's invasion of Ukraine and retaliate for the death of opposition leader Alexei Navalny

Tata Capital plans to raise $750 mn in debut foreign funding next fiscal yr

"For overseas borrowings, we may also evaluate dollar bonds as there has been lot of interest by overseas investors in Indian corporates."

Country Garden faces liquidation petition for not paying loan term facility

The move comes after China Evergrande Group, the world's most indebted property developer, was ordered to be liquidated by a Hong Kong court in late January

India's thermal coal imports fall for first time since Covid-19 pandemic

Surging production and supplies by world's largest miner Coal India have pushed stockpiles at power plants to record highs of over 43 million metric tonnes

G20 leaders to mention regional 'conflicts' in tight draft statement

"Risks to the global economic outlook are more balanced," with faster-than-expected disinflation and more growth-friendly fiscal consolidation underpinning growth, the draft said

US prez Biden urges Congress leaders to move quickly as govt shutdown looms

"We've got a lot of work to do," Biden said in the Oval Office, with Vice President Kamala Harris at his side and the four leaders sitting on couches nearby

India's Apr-Jan steel imports at 6-year high as China shipments surge

India imported 6.7 million metric tons of finished steel between April and January, up 35 per cent from a year earlier, the data showed